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will look at the new communist party of leadership in china and that impact on u.s.- china relations. hosted by the center for strategic and international studies in washington, this is an hour. i'd also like to recognize former ambassador to china jim sasser who's sitting right there, one of my close friends. thank you for coming, senator. glad to see you. well, the panel is a really good one, kurt campbell, assistant secretary of state for east asia and pacific affairs. he became -- came to that job in 2009, previously the ceo and co- founder of the center for a new american security. he was a professor at harvard, associate professor of public policy and international relations at the kennedy school. chris johnson, senior adviser and freeman chair in china studies here at csis. his most important public service, as far as i'm concerned, is he gave me a lot of help in preparing for the presidential debate. and i'll be -- always be grateful for that, chris. he's frequently advised senior white house, cabinet, congressional, military and foreign officials on chinese leadership and on beijing
-wage china when he was on the board of gateway computer. he wants to turn michigan into the same low wage environment we see in china. >> reporter: looking around here live at the scene at the capitol, you have teachers who took the day off from school to demonstrate. you have united auto workers. we saw several big trucks from the teamsters. a lot of people sympathetic to efforts of these workers out here making their voices heard, expressing their discontent with what has happened. governor snyder told me a short time ago this is in response to a ballot initiative you remember failed in november. that was proposition 2. it would have put collective bargaining in the michigan constitution. it would have made it untouchable by any kind of new legislation. that is part of the complaint from the democrats. they say it is politics and retribution. also the complaint you hear from democrats it happened so fast. it happened without the public having time for input. what you see on the lawn is something governor snyder referenced f there wasn't enough time for public input you wouldn't have all
's turn to the global economy. associated press reporting that china has surpassed the u.s. as the leading trade partner. this comes as china announces the inflation rate rose 2% one month alone. sign of an economy gaining strength. what does it mean? brenda buttner, anchor of "bulls and bears." i was reading this article where shoppers in beijing have seen the prices of vegetables double in one week alone. inflation is a problem over there. what is causing it? >> basically it's not a bad problem, it's growth. china has numbers we can only dream of, growth of about 8%, we're below 2%. their factory output was up 10%. retail sales, 15%. so it is basically growth driven not supply side driven which is the kind of inflation you want to see. it's only 2%, that is well below the target of 4% is. it came down from 6.7%. >> gregg: so it's an issue not really a problem and outweighed by the huge growth. how does the inflation american consumers if at all? >> we buy a lot from china. it may be that some of the input may be more expensive. we may have to pay more, but it's more that china is becomin
, as of right now china owns $1.15 trillion of our debt. then, number two on the list, is japan with $1.13 trillion of our debt. now, this is interesting. out of this debt number three on the list is opec. opec is an entity. that's the countries of ecuador and venezuela and india and bahrain and iran and iraq and kuwait and amman and qatar and saudi arabia and the u.a.e., algeria, ga been a, -- gabon, nigeria. they're now number three on the list and they own $267 billion of our debt. brazil comes in at number four, $250.5 billion. and then number five on the list, new to the list, the top five list, the caribbean banking centers. now own $240.4 billion of u.s. debt. by the way, caribbean banking centers are the bahamas, bermuda, cayman islands, netherlands and panama. this is who owns us. this is who owns our debt. and this is why on this side of the aisle, what we continue to say is the spending has to be dealt with. we have seen -- we've heard from everybody. we are hearing from economists all around the globe. and they repeatedly say what we are saying, what we've been saying for ye
'm with the world journal. could you address growing chinese assertiveness in south china sea and east china sea? and given china just announced they will intercept the ship's that go into territorial waters. so are you going to participate in upcoming defense talks with chinese? and what message do you want to tell them? thank you. >> well, thank you for that question. of course the issues that are being placed today in a south china sea and other areas in the north and central, east asia, i think are quite complicated because of the nature of the territorial disputes, some of them historic, some of them now driven by the need for access to resources in those areas, and that's i think to some degree has motivated some of the activities that you see, seeing there. the u.s. position as you know is that we don't take sides on territorial disputes. there's many of those around the globe, not just in the south china sea. but we do want them resolve peacefully, without coercion. and that we call on all the parties there, including the chinese, to ensure that as they approach these problems that they
other. they discovered they were twin sisters separated from birth in china it is against the one of the girls was given up for adoption. they share mannerisms and they were married in the same year. the husband has the same first name. >> steve: and they dress alike. >> gretchen: what a fantastic story. the rest of the headlines ttook over 50 years for the murderer of a 7 year old to b brought to justice. jack mccullah will be sentenced for the murder. it is one of the oldest unsolved crimes. he was dismissed as a suspect but arrested last year after the investigation reopened. >> steve: meanwhile a 22 year old woman in oregon jumped in her car and drove off after two kids tried to rob her at gun point. the boys later to be found 7 and 11 years old. demanded money and her phone. >> i was afraid he would shoot my tires or window. i didn't think i was safe. >> brian: the boys were caught and turns out the gun was not loaded it is not known how they got the gun. they were turned over to their familis and the case is expected to go to jv court. >> brian: two students are accused of b
.n. security resolutions. he also talked about china's decision to the aircraft carrier in the obama administration shifted À la terry resources for the pacific region. this is a half-hour. >> well, good morning and allow hot. i am glad to be here to talk to you about the pacific command, where we are today to where we see ourselves heading in the future. since the last time i was here, we continue to move forward on the rebalanced initiative after as directed by president obama. the rebalanced rows on the strengths of the entire u.s. government, including policy, diplomacy, trade and of course security and that the area i work in. for me, the rebalanced has been and continues to be the strength of the relationships, adjusting our military posture and presents and employ new capacities to ensure we continue to effectively and efficiently contribute to the stability of the asia-pacific as we protect u.s. national interests. of course the keys to success of the innovative access agreement, greatly increased exercises, rotational presence increases come efficient force posture in yeste
: the latest export from china seems to be college students. more and more chinese scholars are attend iting american institutions these days. supporters say it helps the university pay their bills but critics argue this trend has a downside. this holiday, share everything. share "not even close." share "you owe me..." share "just right." the share everything plan. shareable data across 10 devices with uimited talk and text. by htc for $49.99. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. >> harris: the hottest new thing in china seems to be the student, and at a time when student loan debt is greater than credit card debt, schools are increasingly looking overseas for a boost. according to a recent report, college kids from china now make up a quarter of all international students in american universities. the schools claim it helps with thei
. >> brian: millions of dollars in a green company only to sell it to china? stewart varney with another waste of your money. he's coming up now. ♪ it's my favorite time of year again and now -- i got a great new way to get deals. it's called bankamerideals, from bank of america. i choose the cash back deals in my mobile or online banking. i just use my bank of america debit or credit card when i pay. and i get as much as 15% cash back -- put into my account. this is cash back on top of other rewards i already get. best of all -- it's free. happy holidays. [ male announcer ] introducing bankamerideals, free for online banking customers. sign in to your online banking to choose your deals today. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is only made with fresh milk. and where the staff is exceptionally friendly. ♪ nespresso. what else? ♪ >> gretchen: if you are just waking up it is 17 minutes past the top of the is it like a fire sale on america interest? china buying up u.s. compani
. ultimately it helped to work. a lot of people supported that. people say, apple, they do business in china. these workers are virtually slaves. i will never own the stock. if that is the case they missed out on an investment unless they bought two weeks ago, an investment of a lifetime. so where do you find the way to draw the line? i've got to tell you something, this thing is urban outfitters is more reflective of society, not a company of really the have garrity in society today amongst young people is at the point where i talk about this all the time. i think pendulum has swung so far it can't get much further. lori: do you the think the stock surge up 34% year-to-date, urban outfitters because of shocking nature of stuff? kids in way to rebel and spicy putting it as nicely as i can? what is going on with the store that is generating interest? >> they are ahead of the curve. real hip store called supreme. they have a location in l.a. and soho. urban bought them. it was a brilliant move. this was underground success. they sell it throughout everywhere. it is a real smart retail play. i
in medical equipment to russia in 2011, but we face strong competition from china, which increased its share of the russian market in each of the last ten years. mr. president, we don't shy away from strong competition, but we want that competition to be able to be played out on an even playing field. and as long as we don't have normal permanent trade relations with russia, we're disadvantaging ourselves. it simply doesn't make sense. russia has agreed he, since joining the w.t.o., russia agreed to reduce average tariffs on medical equipment to 4.3% and to cut its top tariffs from 15% down to 7%. as it stands now, that is a benefit that china will get, and we will not. it simply doesn't make sense to anybody. to grant russia pntr status requires us to repeal the 1974 jackson-vanik amendment. a lot of our staff members, i hasten to say, were not even born back when jackson-vanik was put in place. and many of our colleagues and a lot of our staff have studied the soviet union but have never really experienced that period of time, and what we're living with is a complete and total relic of a b
a satellite into orbit. its neighbors are unnerved. even china expressed regret at the move. the obama administration condemned it as a provocative act and will likely ask the u.n. security council to impose crippling sanctions. the pentagon following developments this morning. chris lawrence there. what do you know, chris? >> right now, officials say that object that north korea put into orbit, monitoring it, analyzing it, but they confirm it is in orbit. why is that important? the same technology you would use to put into orbit is the same technology you use to develop long-range ballistic missiles, the u.s. condemned this act. they are worried about the marriage of north korea's nuclear weapons with this long-range missile technology. this is the type of missile that if it was successful, as it appears to be, could reach parts of the united states, alaska, u.s. military bases in hawaii. but a u.s. efficiently i spoke with who used to work on north north korea for the defense department told me, there are still areas in which north korea has not made it as far as they would need to i
is unacceptable. the people's republic of china, which is not exactly a beacon of hope for those looking for religious liberty. we all know the situation in tibet which is not just a religious issue, it's an ethnic issue, a cultural issue. we see the self-emolation of folks willing to burn alive because it's so intolerable what they're going through and the effort of that government to wipe out their identity. but it goes much deeper than that. proselytizing governments, nonpatriotic catholics. understand that the chinese government authorizes the catholic church, who the leadership of that church can be. truly unique in all the world you have a government that tells you who your bishops are, who tells you who gets to run your church. if you worship outside of that setting, you're persecuted. there are others, the tibetan beautists i mentioned before but -- buddhists that i talked before. but it's not just religious believers who are facing persecution in china. this is from the report, the chinese government continues to harass, detain, intimidate, disbar and forcibly disappear, forcibl
deficit to china being $29.8 billion per month. that is just one country. you start to add up all the trade deficit that we have with all of these different trading partners over the years, i am sure that it is close to about $1 trillion per year. >> thank you for the comments. let's go to sarasota next. caller: good afternoon. the way that i look at it, as a 74-year-old professional pharmacist with a minor in economics, the reason i am independent is because republicans and democrats cannot seem to get it together. the biggest problem that we have now is the reason why we cannot do what we are supposed to do for the entire country. one middleman adnan grover norquist. someone who was never even elected. here is a man that has caused all the problems. all of the republicans have signed this pledge, which to me is unconstitutional. without him, we would not be talking today. >> salem, oregon, republican line. you are on the air. caller: good morning. as a college student, and i have listened to every single caller, this is an embarrassing day for our country. i am a first-time job
years, there has been a lot more further people's republic of china and the string of pearls strategy into the indian ocean. pakistan is some most important city you have never heard of because the chinese got a post there to listen to ships going in and out of the straight of hormuz and they also have resource relationships with iran and sudan. and as i think you all know, records of those countries and how they tend to make war on their neighbors and also we have the china daily newspaper. its total propagandpropagand a for the peoples of china and i'm wondering, i think the chinese sold the ideas of -- which you might've studied at the naval academy but i'm wondering, in the next few years, with their lower number of ships and sequestration threat over us and the current expansion of chinese power, how would you best manage our military resources around the world? [laughter] >> thank you for the softball question. [laughter] admiral mullen when he was at her graduation as chief of naval operations come he told us to speak truth to power. as a junior officer, not to follow unethical
? >> reporter: a new intelligence report reports that china will overtake the u.s. economy in 20 years, but america's more immediate concern was the unemployment rate, which finally slipped below 8% in six years. that helped ignite a record shopping spree. americans spent a record $59 billion over thanksgiving weekend but shopping slowed closer to christmas as consumers kept an eye on washington's efforts to avoid the fiscal cliff. alexis christoforous, "cbs news," new york. >>> coming up on "cbs this morning," an update on your last-minute holiday travel and we'll get a live report from dallas-ft. worth airport. >>> plus, the nra is speaking out in the debate over the gun control. we'll hear from someone from nra >>> and from ""zero dark thirty"" to "lincoln, we'll look back at the best films of 2012. that's your "cbs morning news" on this monday. thanks for watching. i'm duarte geraldino, have a great day. -- captions by vitac -- www.vitac.com december 24. i'm frank mallicoat. >>> you're watching cbs 5 eyewitness news this morning. >>> hi, everyone, and good morning. >>> here's a che
from a movie. police tonight on the hunt. >>> now, this sunday night a young woman in china, at 24 years old, had just met her identical twin. they were separated at birth 24 years a guy when they were put up for adoption because of the one child policy. seeing her face for the first time, she said, i felt like i was looking in the mirror >>> and our number tonight, 68. the average age of the performers on stage in brooklyn tonight night. the rolling stones celebrating 50 years on tour and proving that age is just a number. ♪ you have to drive me out of my head ♪ >> mick jagger belting out "get off of my cloud" and other hits. they are going to go another show in newark. >>> tell us what you want to hear. although davidmuir. and find me on facebook. >>> when we come back, the little boy is the biggest thing in football. johnny hisman, and what he said about his grandparents that made us all smile. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your
. it was shocking. >> i was trying to get away from the camp and i ended up going north. >> did you know where china was? >> not at all. >> it just happened that the way i was going was toward the border. with luck and kunning, shin managed to steal and bribe his way across the border and work his way through china where he would have been sent back where he was caught. in shanghai he was granted asylum. in 2006 he arrived in south korea with not a friend in the world. he was so overwhelmed with culture shock and post traumatic stress he had to be hospitalized. he is 30 you now and has made friends and built a new life for himself. but old demons from camp 14 are never far behind. he admit there's was something he was hiding. two years ago he confessed. >> when he told me about the excuse about his mother and brother he didn't say he turned them in. >> you reported your mother and brother? >> yes. >> what did you hope to get out of reporting them? >> well, being full for the first time. >> more food? >> yes, but the biggest reason was i was supposed to report it. >> why was shin tortured after ratti
. if you look at the facts, 32% of our manufacturing base has been gutted and sold to china, india, any foreign country that has cheap labor. the top patriotic american companies are parking their profits and offshore accounts so they do not have to pay a fair share of their taxes. the bottom line is since the late '70s, the wealthiest 2% in this country are making 25 times their wealth that they made a black -- back then. there are only paying 40% more in taxes. this country is doomed if we do not start putting terrace of the imports coming into this country. the republican party is selling you an outright lie. thank you. host: let's show you a facebook posting. the economist and professor at the university of maryland will be with us and about 25 minutes or so. he will take your calls and give you his economic outlook for 2013. he has written a lot on the matter. from west virginia, independent. caller: is, sir. i would just like to say that i am not very optimistic above the future of the united states right now. we are in so much that it is pathetic. our budget is way over. this pre
septemberable to an attack. gregg: a new report that the u.s. has now overtaken china a critical category. how american shoppers helped lead the way. ♪ [ male announcer ] you've reached the age where you don't back down from a challenge. this is the age of knowing how to make things happen. sowhy let erectile dysfunction get in your way? talk to your doctor about viagra. 20 million men already have. ask your doctor if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. this is the age of taking action. viagra. talk to your doctor. you have a plan? first we're gonna check our bags for free, thanks to our explorer card. then, the united club. my motr was so wrong about you. next, we get priory boarding on our flight
but also offer a great opportunity. you see, what i find in africa today is that china has an increasing presence on that continent. china has a plan when it comes to the future of africa. america does not. that's why i'm going to offer as an amendment to the tag bill, which is currently pending before the senate, the american jobs through greater exports to africa act. my partners on the bill are senator chris coons, senator ben cardin, john boozman and mary landrieu, as well as support in the house from representative chris smith. at the heart of this bill is the creation of jobs in america. exporting more goods to africa will help create jobs here. every $1 billion in exports supports over 5,000 jobs. i believe we can increase exports from the united states to africa by 200% in real dollars over the next ten years, and we can't wait any longer. if there are some who say africa is so backward and so far behind, what is it in the united states they can afford to buy if they even wanted to, that is old thinking. let me give you some new reality. in the past ten years six of the world's f
. as far as china is concerned, we don't tariff, we don't put that high of a tariff on their imports but yet i don't know the exact numbers but i believe it's a lot higher that they tax our imports in their country. and the whole thing with jobs. he created the apple scommuret in california in his garage but yet when he got successful he moves all his company over to china, giving chinese people jobs. if steve jobs was born in china he wouldn't even have a garage therefore he wouldn't be able to create the apple computer. so i just think we just don't do enough for the people of this country. and the people who are in position to create jobs and do this do not reinvest in the country. therefore i don't think they should get tax breaks. if you want to give these corporate giants tax breaks then give it to those who want to invest in the country, who want to create jobs here, not overcease, and they think try to think of ways to get their money over there into here lower than say the american businessman paying 35%. guest: i mean, i understand your frustration. i think part of it is th
. >> thank you for coming. >> my pleasure. >>> nothing else like it in the world. here is the bad news. china has it, and, well, we don't. we'll explain that one, coming up. share brotherly love. share one up's. mom ? mom ? the share everything plan. lets your family share a pool of data across 10 devices with unlimited talk and text. now get a lucid by lg, free. because for every two pounds you lose through diet and exercise, alli can help you lose one more by blocking some of the fat you eat. let's fight fat with alli. ♪ >>> it is 47 minutes past the hour. let's get you to the top stories. tornadoes. 186,000 people without power in arkansas. me more than 27,000 out in alabama and thousands in the dark in mississippi and louisiana as well. >>> a beast of a snowstorm is crippling parts of the midwest. blizzard conditions in the forecast for ohio, pennsylvania and missouri. some places could see a foot of snow or more. >>> look at this. look what it looks like here in indiana. leave look at seymour, indiana, where it's coming down pretty hard. we had a better shot earlier, but they will get
. >> now, competing with china is not easy when wages there are $15 a day for assembly line worker. consultant says rising cost in china will create a tipping point allowing the u.s. to add 2 to 3 million manufacturing jobs in sections like furniture, fabricated metals and electronics over the next few years. the average american worker is 35% cheaper than the comparable work in western uranium. several companies electrolux, bridgestone are going to expand in the u.s. in addition to the reputation we already have quality in during row goods aerospace or experts hope at least this will trickle down jamie into consumer goods as well. back to you. >> jamie: made in the u.s.a. means jobs. thanks, william. tens of thousands of americans are celebrating christmas a long way from home. we can't forget our troops who are spending the holiday in afghanistan. more on them coming up. plus, there is no word from the pentagon that the u.s. military will soon be sending teams to africa. also later, prayers for peace in syria. the latest round of bloody bombings killing innocent men, women and ch
in germany or alabama. want them in lexington, kentucky or china? >> you mentioned germany. volkswagen opened a plant in chattanooga a few months ago, 2,000 new jobs. bob corcoran was down there. 2,000 jobs, every one of which started at $14.50 an hour. >> right. they're not all going to be at -- >> so volkswagen was moving these jobs here because we're the low wage country compared to germany. >> dude, are you suggesting we push these jobs away? >> i'm not. >> i would rather americans have a shot at a $17 an hour job than having it in china. >> i agree. >> find a way to do better. i actually agree with you. but you have to understand the consequences are pretty severe for american lifestyles. >> again, though, i'm sorry, mike, but the consequences are, we have two choices, we can't get 1965 wages, we either have these jobs in china or lexington, either have them in alabama or germany and this is at least for some of -- a chance for younger americans to get some good jobs. >> joe, if you're taking a job that pays $14.50 an hour. it means one of two things, a, you don't have a job so you're ge
and damaged buildings. china. fire fights go to work on a raging fire in a building and one security guard trapped inside and 50 people staying in a hotel on the top floors . and they're still in the streets . and that is the death penalty. and they will do more to protect women. and in lakeland st. nick's official. and they're leaving to santa and others meet with the evils . and that is a bit unpredictable. one police officer dives in icy waters. how do you put a brand new spin . and building a a merry business. i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. share "not even close." share "you owe me... share "just right." the share everything plan. shareable data across 10 devices with unlimited talk and text. hurry in for a droid razr m by motorola for $49.99. a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthriti
your report opens up. a tragic tale of a legal immigrant to this country from china, she was brutally attacked by an illegal immigrant from china, and after chen served his prison term, china refused to take him back. what happened? >> immigration officials in texas let him out more than once, and no point did they ever warn ms. wu this is a wider issue in the immigrant question. that's secrecy. they don't tell the public very much unlike the criminal system who they arrest, who they detain, and what happens to them in the case of ms. wu, she thought the man who brutally attacked her was in china and one day, three years later, he walks through her door and shortly after that kills her. >> why is this happening? why do we have no dodknowledge it? >> the immigration system says they are a civil immigration agency, they detain people they treat like criminals whether they have a record or not and they said that they believe that this is a private matter, that they need to protect the immigrants's privacy. so when we request the name of criminals, they said that the public interest in th
military in china. this was signed off on by the defense secretary, leon panetta who used to be a cia chief and by general david petraeus who stepped down as cia chief after an extramarital affair was exposed last month, as for funding, the pentagon gave the dcs about 100 million dollars just to get the program started, but their overall budget is not expected to grow. in fact, the overall budget, the dia overall budget might decrease since just about every part of the government is looking to cut back right now and the money from the dcs and the personnel are just essentially going to be converted from the existing defense intelligence agency over to the defense clandestine service. >> that's what we need. an expansion of the government. >> thank you so much, peter. >> thanks, peter. >> all right, let's get your headlines now, and show you what's happening around the world. thousands of egyptians took to the streets, showing support for their president. all right, this is the scene in cairo as egyptians rally behind president morsi. on december 15th there will be a vote on a new constituti
americans with with disabilities. when they go to saudi arabia, when they go to china, india, when they go around the world, this is saying the other places dignity and respect and access matter for people. and the terms of equality that exist in law, should apply to those with disabilities. i can't believe that would be controversial and you would have essentially only 61 senators in the united states senate vote yes on this. >> the republicans, i'm not going to go into rick santorum's black helicopter conspiracy theory on this because i don't want to dignify it with verbiage, but i recognize the republicans have crazy conspiracy theories about the u.n. the thing that strikes me about this one in particular is that you had bob dole and john mccain and all these republicans. >> none of them can be republicans today. they are talking about chuck hagel. possibly getting a position in the administration. what is bob dole? what is john mccain? are they rhinos? that's what it means is that the republican party has moved so far away from their standard bearers. i think it was one of the saddest
of tragedies. >> there was also a similar incidence in china of someone going in but they didn't have a gun so nobody died. it happened on the exact same day. >> stephanie: if we all go to our regular talking points, we're never going to get anything done. all of those catchphrases, guns don't kill people, all of that stuff, there is something we can do. and i honestly feel like everything's a part of it. mental health, cutbacks that affect mental health. obviously guns. senator feinstein's bill should be the start of what we do. absolutely we should ban assault weapons and the clips and close the loophole at gun shows. >> a woman was calling said her granddaughter's school has bulletproof glass and metal doors. you can't get in. >> stephanie: louis gohmert on cue, we need teachers armed. we need more guns. >> we need 6-year-olds armed. >> stephanie: seriously first grade principals, we need them armed like rambo? >> you know what? i would rather have them be trained to teach children. i don't need them to be trai
vacuum cleaner. thus providing exporters -- germany, japan, or china -- with the requisite demand necessary. so, the ever expanding trade deficit was not an accident. it was a very clever way of replacing one that surplus recycling system with another. it was one where america had a surplus and america decided instead of doing what germany is doing at the moment -- which is cutting its nose to spite its face, and thereby ending the recession by cutting, cutting, -- entering into recession because they are imposing austerity on themselves, cutting -- volcker as the head of the fed at a different idea. we are going to expand our dominance and are well by expanding our deficit and using our deficits to provide the rest of the world with the demand which is necessary to grow their economies, even at the expense of hours. and who is going to pay for the deficit? if i have an ever-expanding deficit, the bank tells me it is came over. but if you are the united states of america and there are certain other factors that i will touch upon later, what you can do is you can expand your defici
invited a number of us to go with them to china. it was quite an experience. senator stevens -- of course, another world war ii veteran -- had flown the first cargo play plane into what was then peking in 1974. and senator inouye was well-regarded in china for that service. and so the group of norse -- there must have been -- and so the group of norse -- ther of se must have been a dozen of us -- got together with the leaders of china. we were accorded every courtesy we could possibly be accorded because of the presence of senator inouye and senator stevens. they were like brothers. they called one another "brothers." they acted that way in private. they served that way in the senate as chairman and vice-chairman and vice-chairman and chairman of the appropriations committee. they single-handedly shaped our american defense posture and they did it with skill and pay troivmen--and patriotism and the that very few could have. several senators have mentioned how bipartisan dan inouye was. he was of the old school. not a bad school for today, in my point of view. he treated each senator with
tried to take advantage of it. >> to follow up, i had the advantage of traveling to china with my parents when i was a freshman in college. chairman maou was the chairman of china then. that is how long ago it was. and i got to meet him. my dad used to tell the story of, you know, we were walking through the receiving line, and you did not know when you are going to meet the chairman. it was one of those things that, all of the sudden there would come up to you is that we need to get in the car right now. they did not tell you where you're going. dr. kissinger was with us. dr. kissinger would say, ok, we're obviously going to the palace and we're going to meet the chairman at the time. the picture i have is his eyes light up, he was known to like women.thi this picture i have is it is this man has risen from the dead. he was glad to see this tall, blond woman in china. >> did you have secret service code names? >> yes, mine was panda. it was all "p's." one brother was professor. i can remember what the others were. >> we were "l's." -- we were "v's." i was venus -- i am teasing, i
was union and we were making $16 an hour. it went overseas. the company would prefer to go to china and a somebody $2 a day or whatever. these right-to-work states are full of temporary jobs agencies with contracts. the stamp services -- these temporary services are making money and paying people a fraction. we need to let politicians go to a temporary service and give them half of what they are making and make them see how we feel. people working for small amounts of money at temp services. ynette.ow to panetta, conwalive caller: they call it a right-to- work states, but i guess the language got changed, because it used to be a free will state. the employers without unions had the right to fire you for anything, any reason or no reason at all, and you had no recourse. so i still believe in unions and i still believe the people should have a right to join or not. host: this tweet -- are you with us? caller: i am. host: higher wages of less jobs in the state's. caller: yes, but most of the jobs in this area, in the myrtle beach area, those are minimum- wage jobs, where i live. if we
even have to consider borrowing money from china or anywhere else and we're worried about a a.a.a. credit rating. why should we even have that as an option? we're the richest country in the world, and we put food out everywhere. also, one brief note on the gun laws issue. they're not going to ban a particular type of car because it drove through a crowd. so i don't see how they can target any particular weapon and say it's worse than another. combat loading weapon, you can almost do that as fast as you can pull the trigger also. so it's not a matter of how many rounds you can shoot. it's a matter of an insane person getting a hold of anything -- a knife, a car, anything. so -- guest: keith, and the reality of using guns for whatever illegal purposes oftentimes gets lost into washington, d.c. and the politics. boy, we're going to have to do something. we are going to have a press release, a press conference. there is a second amendment. thankfully the supreme court has recognized it is an individual right and a narrow decision. the one thing i want to go back, small business th
and is in recession once again. many will be watching to see how abe handling heightened tensions with china, as the two countries spar over disputed islands, as well as north korea, which defied the international community recently launching a rocket that skirted japanese territory. there's also japan energy policy, with abe suggesting n nuclear power will remain on the table despite ongoing troubles in fukushima. one last issue, just staying power. they have a well documented revolving door with prime ministers with shinzo abe becoming the seventh different leader in just six years. cnn, tokyo. >>> it appears to be a growing trend in afghanistan. they are insider aattacks. a u.s. contractor was kimmed in kabul police headquarters. this time the attacker is a woman. we have a live report from the pentagon. when you have diabetes... your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunge
to pay toward china and the middle east will not let him. there was a successful sabotaging program against iran's nuclear program and a ery new approach of iran's central bank and other institutions that continues to enrich uranium. is kind of're seeing the twilight of america's cold war imperium in the middle east. the u.s. will have a relationship with the new egypt but it will not be the relationship of a client state that we saw with's the minority -- hosni mubarak or on war said sadat. is the changing relationship in the country like pakistan after the osama bin laden raid and in states like yemen. they look over the horizon that bahrain and say, we do not want that. host: one of the papers this morning has a story taking a look at the change in leadership in specific countries in asia and highlighting what is going on in north korea, south korea, and japan. what does that prove for the administration? guest: you can put north korea in the same category as japan and south korea. they have taken power and have produced leaders but are still checked by the open society and by th
, potato with bacon... [ male announcer ] progresso. you gotta taste this soup. gregg: china is unveiling the world's longest high-speed rail train this week. 1500 miles long, it runs from beijing to the south, and the train on this high-speed rail line initially ran 186 miles per hour. can you believe that? cutting between the two cities. china's railway system has a checker ored past, it has been riddled with accidents including the latest crash involving a bullet train which killed 40 people. remember that? july. patti ann: well, anxiety is rising over big tax hikes and spending cuts set to kick in on january 1st. a growing number of lawmakers saying they are skeptical that a deal can be reached in five days to avoid the fiscal cliff, especially with the main sticking point coming down to whether to increase taxes for top earners next year among many other things. byron york, now, of "the washington examiner" joins us to talk about this. good morning, byron. >> good morning, patti ann. patti ann: so we're going to show a full scream of what would happen if -- full screen of what would
a tiny fraction of this to deal with china or russia t our nuclear arsenal isn't stopping iran from trying to achieve its nuclear weapon. these are sad, missed opportunities to right size the military which will still be the most powerful in the world by far. for us to deal with veterans' needs. mr. mcgovern: additional one minute. the speaker pro tempore: the gentleman is recognized. mr. blumenauer: for us to deal with the threats that we face today, to deal with the damage that we have done in the misguided war in iraq. to be able to deal meaningfully with the guard and ready reserve that should be upgraded and healed from the damage that was inflicted upon him. we can provide far more real security, save tax dollars, deal with the needs of veterans that are about to be, sadly, undercut , and provide balance to our budget. because, in fact, the fiscal instability for reckless -- from reckless bills like that is in fact a national security threat. we are no longer going to be able to pay almost half the world's entire military budget. we should start by rejecting this authorization
,000 rubber duckies from china because they contained too much of a chemical used to make plastic soft and flexible. it's been linked to birth defects and infertility. >>> martha stewart got salmonella poisoning. wait until you hear how. also, the silver lining the domestic goddess says came from it all. ♪ ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now through december 31st. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a month at your local mercedes-benz dealer. i have a cold, and i took nyquil, but i'm still "stubbed" up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a decongestant. no way. [ male announcer ] sorry. alka-seltzer plus fights your worst cold symptoms plus has a fast acting decongestant to relieve your stuffy nose. [ sighs ] thanks! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] to learn more abou
deadly before the vote with critics fearing an era of islamic rule and fewer personal freedoms. >> china launched this, the longest bullet train line in the world, the first one that left beijing this morning zipping down to guangzhou, about the distance from new york to key west. the trip will take eight hours. >> it would be nice to have that here. >>> american soldiers targeted in a bomb attack overseas. we'll go live to the pentagon after this. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... on your head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. i get congested. but now, with zyrtec-d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant. zyrtec-d® lets
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